Other Revenues and Other Expenses

6 Months Ended

Jun. 30, 2019

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure

12. Other Revenues and Other Expenses

Other Revenues

Information on other revenues, which primarily includes fees related to service contracts from customers, was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
	(In millions)
Prepaid legal plans	$	86	$	73	$	172	$	146
Fee-based investment management	69		74		146		145
Recordkeeping and administrative services (1)	52		56		102		114
Administrative services-only contracts	53		53		106		109
Other revenue from service contracts from customers	64		72		135		136
Total revenues from service contracts from customers	324		328		661		650
Other	154		147		311		299
Total other revenues	$	478	$	475	$	972	$	949

__________________

(1)

Related to products and businesses no longer actively marketed by the Company.

Other Expenses

Information on other expenses was as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
	(In millions)
Employee related costs	$	916		$	894		$	1,838		$	1,831
Third party staffing costs	420			402			789			782
General and administrative expenses	237			351			460			594
Pension, postretirement and postemployment benefit costs	57			47			113			96
Premium taxes, other taxes, and licenses & fees	174			187			344			366
Commissions and other variable expenses	1,470			1,438			2,919			2,854
Capitalization of DAC	(837		)	(834		)	(1,649		)	(1,630		)
Amortization of DAC and VOBA	689			707			1,313			1,400
Amortization of negative VOBA	(10		)	(16		)	(20		)	(38		)
Interest expense on debt	274			309			508			595
Total other expenses	$	3,390		$	3,485		$	6,615		$	6,850

Restructuring Charges

The Company commenced in 2016 a unit cost improvement program related to the Company’s refreshed enterprise strategy. This global strategy focuses on transforming the Company to become more digital, driving efficiencies and innovation to achieve competitive advantage, and simplified, decreasing the costs and risks associated with the Company’s highly complex industry to customers and shareholders. Restructuring charges related to this program are included in other expenses. As the expenses relate to an enterprise-wide initiative, they are reported in Corporate & Other. Such restructuring charges were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
	Severance
	(In millions)
Balance, beginning of period	$	17		$	19		$	23		$	22
Restructuring charges	14			9			21			18
Cash payments	(11		)	(8		)	(24		)	(20		)
Balance, end of period	$	20		$	20		$	20		$	20
Total restructuring charges incurred since inception of initiative	$	157		$	91		$	157		$	91

Management anticipates further restructuring charges through the year ending December 31, 2019. However, such restructuring plans were not sufficiently developed to enable management to make an estimate of such restructuring charges at June 30, 2019.